Are you looking to try your hands on stock trading? If yes, it is necessary for you to open a Demat account first. In share market there are many stock brokers who is providing top demat account in India, but this doesn’t mean you can choose anyone uprightly. If you want to choose the Best Demat Accounts in India, it is recommended to move ahead carefully.
What is demat account?
A Demat account—short for dematerialised account—is an account that allows you to hold company shares and securities electronically.
You can hold dematerialised securities such as stocks, mutual funds, bonds, exchange-traded funds (ETFs), etc. in a demat account.
So when you place an order to buy a stock, the shares get credited to your demat account. Similarly, when you choose to sell your shares, they get debited from your demat account.
| Ranking | Stock Broker | Rating |
| 1 | Zerodha Demat Account | 9.3/10 |
| 2 | ICICI Direct Demat Account | 9.2/10 |
| 3 | Paytm Money Demat Account | 7/10 |
| 4 | Angel One Demat Account | 9.08/10 |
| 5 | Groww Demat Account | 9/10 |
What are the benefits of demat account?
One of the biggest benefits of demat account for investors is that it is digital. Having said that, there are many other advantages of demat account that can be listed as follows.
1.Security of shares: The most important benefit of demat account is that it is safer than holding physical shares which can get lost, damaged, or stolen.
2.No forgery or theft Since the demat account is electronic in nature, the risk of documents getting stolen, damaged, or lost does not exist.
3.Seamless trading and transfer Unlike transporting physical certificates, demat accounts allow the transfer of shares quickly and securely. This has lowered order processing times.
4.Lower cost Physical share certificates attract paperwork and stamp duty, which increases costs. With a demat account, all this is eradicated and you can get a demat account in no time.
5.Multiple access points A demat account is operated electronically, which essentially means that users can access the account from multiple touch points—mobile, tablet, PC, laptop, etc.
These are just some of the benefits of demat account and its uses. Read the full list of advantages and different uses of a demat account.
Here’s another benefit of demat account—one that you can get only with Kotak Securities.
With a 3-in-1 account, your trades can get more seamless since your bank and trading accounts are linked with the demat account!
Things to Consider While Choosing the Best Demat Account in India
- Easy Account Opening Process
- Low Brokerage Charges
- Option to Invest in Mutual Funds
- Quick Fund Transfer
- Offer IPO Investment
Top 5 Demat account with lowest brokerage charges
If you want to open the best Demat account in India, the brokerage is the first and foremost thing to consider. Brokerage refers to a certain percent of the transaction value that is deducted every time a stock transaction is done. So, here is a list of top demat account providers that offer the lowest brokerage charges.
| Segments & Charges | Edelweiss | Zerodha | Angel One | Upstox | Groww |
| Equity Delivery Trading | Rs.10 per Order | Rs 0 (Free) | Rs 0 (Free) | Rs 0 (Free) | Rs 0 (Free) |
| Equity Intraday Trading | Rs.10 per Order | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | Rs 20 per Order |
| Commodity Options Trading | NA | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | Rs 20 per Order |
| Equity Futures Trading | Rs.10 per Order | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | Rs 20 per Order |
| Equity Options Trading | Rs.10 per Order | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | Rs 20 per Order |
| Currency Futures Trading | Rs.10 per Order | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | NA |
| Currency Options Trading | Rs.10 per Order | Rs.20 per Order | Rs.20 per Order | Rs.20 per Order | NA |
| Minimum Brokerage | Rs.10 per Order | Zero | Zero | Zero | Zero |
Top 5 Demat Account Reviews – Best Demat Account in India
1. Zerodha
Boasting a client base of over 3 million, Zerodha is undoubtedly the leader of the game. It is the biggest and most trusted discount broker in India at present. Though the discount broker is primarily known as the trendsetter in the discount broking segment, it also has amazing customer services that give it an edge in the industry. It is certainly a great choice for those looking to open the best Demat account in India.
Salient features of Zerodha Demat Account
- Exceptional Customer Support
- Market research tools
- Competitive brokerage
- Outstanding trading platforms
- One of the most trusted discount brokers in the industry
Demat Account Opening Charges
| Account Opening Charges | Rs 200 for Trading & Demat A/C |
| AMC for Trading Account | Rs 0 |
| AMC for Demat Account | Rs 300 per year |
2. ICICI Direct – Rs. 20 per trade
ICICI direct is one of the top-rated retail stockbrokers in India and offers best-in-class trading services to over 50 lac customers. The traders and investors can choose to trade in equity, commodity, and currency at BSE, NSE, and MCX. Moreover, there is an option to invest in IPOs, mutual funds, NCD, fixed deposits, home loans, and loans against securities, etc.
Top Features of ICICI direct Demat Account
- ICICIdirect Neo Plan which features brokerage-free equity trading
- Free of cost trading tips
- 20 per trade
- 3-in-1 account opening
- Trading can be done across BSE and NSE
Account Opening Charges
| Transaction | Charges |
| Trading Account Opening Charges | Nil |
| Account AMC Charges | Nil |
| Demat Account Opening Charges | Nil |
| Demat AMC | Rs 300 (from 2nd year onwards) |
3. Paytm Money – Top Demat Account
In the present content, Paytm Money is one of the rapidly growing discount brokering firms in India. It is a wholly-owned subsidiary of the country’s leading company, One97 Communications Ltd. Paytm Money is a leading stockbroker and an Investment Advisor, registered under SEBI. The company is a depository participant of CDSL and also a member of BSE and NSE.
Paytm Money offers reasonable charges for trading with free Equity Delivery trading. It gives Free Mutual Fund services with 0 charges for investment and redeems. Your search for the best Demat account in India ends at Paytm.
Top features of Paytm Money Demat Account
- 0 commission on direct mutual funds
- 10 maximum brokerage
- Zero account maintenance charges
- Paperless account opening
- Flat Rs. 10 for intraday trading
Paytm Money Account Charges
| Trading Account Opening Charges | Rs 0 |
| Trading Annual maintenance charges (AMC) | Rs 300 |
| Demat Account Opening Charges | Rs 0 |
| Demat Account Maintenance Charges (AMC) | Free |
4. Angel Broking – Best Demat Account of 2022
Established in 1987, Angel Broking is one of the reputed full-service retail stockbrokers in India. The full service stock broker offers the best demat in India and a wide range of trading and investment services including stock and commodity, investment advisory, loans against shares, margin funding, and other financial products. At present, the firm has over 100 branches, 11000 sub-broker offices across 1800+ cities.
Top Features of Angel Broking Demat
Free of cost stock advisory & research
- New-age trading platforms
- Extended network of franchises and sub-brokers
- ARQ-based investment vehicle
- One of the trusted brands of India
Account Opening Charges
| Trading Account Opening Charges | Nill |
| Trading Annual maintenance charges (AMC) | Nill |
| Demat Opening Charges | Nill |
| Demat Maintenance Charges (AMC) | Rs 240 |
5. Groww – Top Demat Account in India
Initially started as a mutual fund platform, Groww is a Bengaluru-based online discount broker in India that charges a standard brokerage across various instruments like IPO, Equity, and Mutual Funds. The stockbroker also offers investors to invest in digital gold, fixed deposits, US stocks, and others in a seamless fashion. Being an online broker, Groww does not offer any tips, recommendations, and research services. A wonderful choice for the best online demat account in India.
Main features of Groww Demat
- 0 commission on direct mutual funds
- Paperless account opening facility
- The maximum brokerage limit is Rs. 20
- Option to convert the external regular mutual fund into the direct mutual fund
- Facility to invest in digital gold, US stocks, and corporate FD
Account Opening Charges
| Demat Opening Charges | Rs 0 |
| Trading Account Opening Charges | Rs 0 |
| Demat AMC | Rs 0 |
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